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Amex Platinum 75K sign up bonus - is it worth it?

Schmoopy
Valued Member

Amex Platinum 75K sign up bonus - is it worth it?

Hey guys,

 

So I have Amex Gold. I got an offer to apply for business platinum for a 75K sign up bonus for $5K spending only. The annual fee is $450 but it'll go to $595 at the end of January. So it might be a good time to get it.

Unsure if it's worth it for me. I do travel for business but not too frequent (2-3 times a year to Europe). My home hub is LAX.

I already have the TSA credit with BofA Premium Rewards card. And an airline credit of $100 with that card and $100 with the gold card. So not sure I can use overall $400 for incidentals a year. Do you think it's worth it?
Thanks

8/2017 Experian 684 | 11/2017 Transunion 640 | 10/25/2018 Experian 784, Transunion 711, Equifax 707 | 11/1/2018 Experian 797, Transunion 709, Equifax 709 | 2/20/2021 Experian 744, Transunion 716, Equifax 703
Message 1 of 14
13 REPLIES 13
Berk
Established Contributor

Re: Amex Platinum 75K sign up bonus - is it worth it?

Only if you do.

 

And by you asking the question I'm guessing your answer is "No."

 

I have the card because it works for me with all the travel I do on Delta. If I didn't fly Delta, I wouldn't have the card.

Over $200,000 in credit across 12 cards.

FICO ranges from 791 -824 as of 07/26/2019
Message 2 of 14
FinStar
Moderator

Re: Amex Platinum 75K sign up bonus - is it worth it?

Worth it is subjective OP. This largely depends on your spend and whether you can quantify the benefits/perks.

While the SUB is of great appeal, it would be pointless of getting the card if you won't fully utilize those benefits within the alloted timeframe. Have you done the math to at least see how you can achieve the incidentals portion?
Message 3 of 14
CardGuy1
Member

Re: Amex Platinum 75K sign up bonus - is it worth it?


@Schmoopy wrote:

Hey guys,

 

So I have Amex Gold. I got an offer to apply for business platinum for a 75K sign up bonus for $5K spending only. The annual fee is $450 but it'll go to $595 at the end of January. So it might be a good time to get it.

Unsure if it's worth it for me. I do travel for business but not too frequent (2-3 times a year to Europe). My home hub is LAX.

I already have the TSA credit with BofA Premium Rewards card. And an airline credit of $100 with that card and $100 with the gold card. So not sure I can use overall $400 for incidentals a year. Do you think it's worth it?
Thanks


I would say to get it. The only better SUB is 100K and that hasn't been offered in years (that's what originally got me to get this card). I travel 3-4 times a year to Florida every year and then 1-2 Euro trips. The 200 airline credit can be  almost used up in one trip between checked bags and incidentals these days. Just make sure to call amex and specify the airline before you travel. I also use the 200 in Uber credits and love that perk since they introduced it. So for me specifically that comes out to a net AF if about 195. So to me with all the additional perks that i don't use too much but are great to have when you need them (priority pass, amex lounges, concierge service etc) it makes a for a card thats well worth the 195 porting of the AF that i don't offset. 

 

But like others have said. Whats good for me may not be good for you.

Message 4 of 14
FortifiedHM
Valued Contributor

Re: Amex Platinum 75K sign up bonus - is it worth it?

no, business plat is too restrictive. For 5k spending, you can ger personal plat. Business plat is only 5x if you book flight from amex travel. Its all around inferior than personal platinum.

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Message 5 of 14
f4phantom2500
Established Contributor

Re: Amex Platinum 75K sign up bonus - is it worth it?

Are you sure it's 75k for 5k spend and not like 50k for 5k spend then another 25k for another 5k spend? Read the smaller print, I haven't seen an offer for 75k for only 5k on business plat and I've seen people mix this up before.
Chase UR: Amex MR:Citi TY:
Cash back:Travel:
Debit: + DCU savings acct for 5.12% APY for $1k
Message 6 of 14
FinStar
Moderator

Re: Amex Platinum 75K sign up bonus - is it worth it?

I would agree, take a closer look at the targeted offer details OP since the current offer for the biz Platinum is 75K MR with the caveat of $10K spend for the first 50K MR and an additional $10K spend for the remaining 25K MR in 90 days.
Message 7 of 14
redpat
Senior Contributor

Re: Amex Platinum 75K sign up bonus - is it worth it?


@FortifiedHM wrote:

no, business plat is too restrictive. For 5k spending, you can ger personal plat. Business plat is only 5x if you book flight from amex travel. Its all around inferior than personal platinum.


Inferior is subjective.  I have both plats and biz 1.5x on purchases over 5k is good for me along w/ 35% rebate on MR redemptions works out well also.  Also, remember the AF is also tax deductible so the net AF is even less.

 

75k and 5k spend is a solid offer.



Personal Cards: Amex Plat | Amex Delta Res | Amex Hilton | CSR | Citi AA Exec Business Cards: Ink+ | Amex BGR
Message 8 of 14
f4phantom2500
Established Contributor

Re: Amex Platinum 75K sign up bonus - is it worth it?

If you're dropping $5k for individual business expenses why not nab the blue business plus to get 2x instead of 1.5x?
Chase UR: Amex MR:Citi TY:
Cash back:Travel:
Debit: + DCU savings acct for 5.12% APY for $1k
Message 9 of 14
GeorgiaBulldog
Regular Contributor

Re: Amex Platinum 75K sign up bonus - is it worth it?

If that person has single business transactions of over $5k, chances are that they would easily hit the annual $50k 2x cap on the BBP, and then the Biz Plat goes back to being the superior earner. Might not even be worth their time if their spend is really high.
Favorite cards: AMEX Schwab Platinum, Gold, Blue Business Plus | BofA BBR | Chase Hyatt | FNBO Travelite, Ducks Unlimited
Message 10 of 14
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